Peru Stocks: Southern Copper, Candente, Volcan, Milpo, Simsa
The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 4:10 p.m. New York time.
Copper miners gained after futures advanced for a third day in New York.
Alturas Minerals Corp. (ALT PE), a Canadian copper and gold exploration company, jumped 6.7 percent to 16 cents. Southern Copper Corp. (SCCO PE), Peru’s biggest copper producer, rose for the first day in four, gaining 3.4 percent to $43.20 after BMO Capital Markets analyst David Radclyffe rated the stock “Market Perform.” Candente Copper Corp. (DNT PE), a Canadian exploration company, rose 3.7 percent to $1.41.
Zinc and lead producers rose after the metals gained in London.
Cia. Minera de San Ignacio de Morococha SA (MOROCOI1 PE), the Lima-based zinc producer, rose 4.5 percent to 93 centimos. Volcan Cia. Minera SAA (VOLCABC1 PE), Peru’s largest zinc producer, gained 4.1 percent to 3.36 soles. Cia. Minera Milpo (MILPOC1 PE), a zinc and lead producer controlled by Sao Paulo- based Votorantim Metais, rose 3.6 percent to 7.25 soles.
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